Aggregate demand
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In macroeconomics, Aggregate Demand (AD) or Domestic Final Demand (DFD) is the total demand for final goods and services in an economy at a time.[1] This is the demand for the gross domestic product of a country. It shows the amount of goods and services that will be bought at all possible different prices.[2]
References[change | change source]
- ↑
Sexton, Robert; Fortura, Peter (2005). Exploring Economics. ISBN 0-17-641482-7.
This is the sum of the demand for all final goods and services in the economy. It can also be seen as the quantity of real GDP demanded at different price levels.
- ↑ O'Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 307. ISBN 0-13-063085-3.
Other websites[change | change source]
- Elmer G. Wiens: Classical & Keynesian AD-AS Model - An on-line, interactive model of the Canadian Economy.
